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Shanghai Allied Industrial (SZSE:301419) Beta : N/A (As of Dec. 14, 2024)


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What is Shanghai Allied Industrial Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-14), Shanghai Allied Industrial's Beta is Not available.


Shanghai Allied Industrial Beta Historical Data

The historical data trend for Shanghai Allied Industrial's Beta can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shanghai Allied Industrial Beta Chart

Shanghai Allied Industrial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beta
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Shanghai Allied Industrial Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Competitive Comparison of Shanghai Allied Industrial's Beta

For the Electronic Components subindustry, Shanghai Allied Industrial's Beta, along with its competitors' market caps and Beta data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shanghai Allied Industrial's Beta Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shanghai Allied Industrial's Beta distribution charts can be found below:

* The bar in red indicates where Shanghai Allied Industrial's Beta falls into.



Shanghai Allied Industrial Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.


Shanghai Allied Industrial  (SZSE:301419) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)


Shanghai Allied Industrial Beta Related Terms

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Shanghai Allied Industrial Business Description

Traded in Other Exchanges
N/A
Address
No. 22, Fengxin North Road, Room 806, Haiwan Tourist Area, Fengxian District, Shanghai, CHN, 200443
Shanghai Allied Industrial Corp Ltd is a supplier of polymer material communication equipment parts. It provides customers with radio frequency and transparent wave protection devices, EMI and IP protection devices and electronic heat conduction and heat dissipation devices for mobile communication base station equipment Internal and external component products, as well as the overall solution of components including early research and development, design intervention, mid-term product development, post-manufacturing and final product verification.

Shanghai Allied Industrial Headlines

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